NBTB FY 2014 Earnings Report — NBT Bancorp Inc. Revenue & Financial Results | Market Cap Arena

NBT Bancorp Inc.NBTB

FY 2014 Earnings

Reported March 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$378M	—	$369M	—	2.5%
Op. Income	$112M	—	$90M	—	24.9%
Gross Margin	88.7%	—	85.6%	—	3.1pp
Net Margin	19.8%	—	16.7%	—	3.1pp
EPS (Diluted)	$1.69	—	$1.46	—	15.8%
Free Cash Flow	$79M	—	$114M	—	-30.6%

Revenue Flow

Item	Amount
REVENUE	$378M
Cost of Revenue	$43M
GROSS PROFIT	$336M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$148M
SG&A Expenses	$151M
Other Expenses	$73M
Operating Expenses	$223M
Cost & Expenses	$266M
OPERATING INCOME	$112M
Interest Income	$275M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$112M
Income Tax Expense	$37M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$13M
EBIT	$112M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$378M
Cost of Revenue	$43M
GROSS PROFIT	$336M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$148M
SG&A Expenses	$151M
Other Expenses	$73M
Operating Expenses	$223M
Cost & Expenses	$266M
OPERATING INCOME	$112M
Interest Income	$275M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$112M
Income Tax Expense	$37M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$13M
EBIT	$112M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$8M
Other Non-Cash Items	$2M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$247M
Sales/Maturities of Investments	$301M
Other Investing Activities	-$188M
NET CASH FROM INVESTING	-$144M
Net Debt Issuance	-$335M
Common Stock Repurchased	-$72.0K
Common Dividends Paid	-$37M
Other Financing Activities	$416M
NET CASH FROM FINANCING	$44M
FREE CASH FLOW	$79M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$147M
Short-Term Investments	$1.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$89M
Goodwill	$264M
Intangible Assets	$20M
Long-Term Investments	$6.0B
Tax Assets	$0
Other Non-Current Assets	$291M
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$7.8B
Account Payables	$0
Short-Term Debt	$317M
Deferred Revenue	$0
Other Current Liabilities	$6.3B
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$232M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$95M
TOTAL NON-CURRENT LIABILITIES	$327M
TOTAL LIABILITIES	$6.9B
Common Stock	$497.0K
Additional Paid-In Capital	$577M
Retained Earnings	$424M
Treasury Stock	-$120M
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$864M
Minority Interest	$0
TOTAL EQUITY	$864M
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$549M
Net Debt	$402M